ETH USD Tapping-Tapping-Tapping On Alt Season’s Threshold

ETH USD is making waves once more! Traders on X are actively sharing their charts, revealing their trading positions, and speculating on future possibilities. In addition to the substantial net inflows into Ethereum ETFs, which have reached nearly $1 billion, the stablecoin circulating supply on Ethereum surged by $150 million within a single night.

$ETH is on the verge of exploding pic.twitter.com/QMJ1ISbIOb

— Quinten | 048.eth (@QuintenFrancois) June 10, 2025

Several indicators appear to be bullish, and the pressing question is: Can the trading market maintain the momentum it generated since April?

Indeed, we’ve been experiencing an upward trend for two months now! I encourage you to check out my previous article from May 26th for additional context as you delve into this one.

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Ethereum USD Price Movement Examination: Is Ether Ready to Surge?

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Analyzing the 1W timeframe—Ethereum’s price history since 2021 indicates it has yet to achieve a new ATH. Recall Bitcoin’s last high? That was in March 2024! The price breakout above the 2021 peak has been anticipated for quite some time, and we could see it unfold in the upcoming months.

The most recent part of this chart depicts a drop below $2500 (also MA200), a test of the 2023 base level level, followed by a V-Shape recovery above MA200. V-Shape recoveries typically signify significant buyer interest. This last drop also marks the RSI bottom, previously observed in May 2022.

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The subsequent chart for our analysis is based on the Daily timeframe. After rebounding off the 2023 support level, Ethereum has reclaimed a bullish position on the RSI indicator. It also broke out of the pessimistic Crypto market Structure and shot straight up to MA200, where it has lingered for about a month.

It has successfully regained MA50 and MA100, gathering momentum for another push, especially now that the RSI has reset. The next task is to break the MA200 level!

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Finally, let’s take a look at a shorter timeframe—4H. This is the timeframe I personally prefer for multi-day swing trading as it eliminates much of the noise. The price tends to respect the Moving Averages quite consistently.

We’ve witnessed this recently, as the price has been retesting MA200. This presents a great entry point, with prices pushing upward as I conclude this article.

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The article Ethereum USD Approaching Alt Season first appeared on 99Bitcoins.